Variety reports that John Woo is set to direct 1949, a big budget romance that will start as soon as he has finished his epic Red Cliff.
Based on true events at the end of WWII and the final years of the Chinese Civil War, the $40 million Chinese language film will star Chang Chen and Korea’s Song Hye-kyo and Chang Chen. The screenplay was written by Lust, Caution and Crouching Tiger, Hidden Dragon writer Wang Hui-ling.
Filming will begin in December in China and Taiwan with a theatrical release scheduled for December 2009 and the 60th anniversary of the founding of the People’s Republic of China.